Topic: Bitcoin finally legal in India - page 21. (Read 9550 times)

yes, i can too find bitcoin legal in India Now. Infact this morning i read a article in newspaper about bitcoin. It was about the bitcoin seminar in my location (Ahmednagar). I dont actually truely know about the currenct legal position in india but i can just say it by reading a newspaper.

Legalize? Bitcoin is really accepted in India. This is a good news for bitcoin. Increasingly more countries legalize it.
More advantage is that the market will increasingly more widespread and is a place for exchanges between investors.

India finally gives people the freedom to use bitcoin.
Because bitcoin can help indigenous society karana if indonesians mengukan bitcoin can be imagined how much they can with a large population.jadi it's time a country gives freedom to the community to determine their choice as long as not passing from the rule of the country.

Yeah! That’s great news for crypto market and for the survival of bitcoins themselves. It’s amazing that the world is realizing importance of bitcoins and accepting it gradually. Soon other Asian countries will also make bitcoin trading legal since it’s growing enormously.

As you said Gold has become a high commodity hundreds of year it was just a history. Human were also living in forest after development new things discovered like that now a world is a digital world where most of people working through computer. So bitcoin is the new digital currency which is changing the life of people. When you are keeping bitcoin. It will give you high profit in a future.

well no one understands the actually problem in India
in the  recent years government promoted Paytm a lot they asked  everyone to use Paytm even to those shopkeepers who don't know how to use smart phone , well I actually thought that India is developing and yes government did a fantastic job they actually made people realise that their is something called digital currency and we can use it
then came the harsh part , now we think that everyone would accept Paytm because they have the sticker out on their doors that we accept Paytm here but when we ask them that can we pay through Paytm the answer is always that sorry bro Paytm nhi chal raha [ Paytm is not working now ].
if Paytm  a simple app is in a diplomatic condition how can we think that people here would use and understand a currency like bitcoins in India
yes with global acceptance Indian government can also accept bitcoin
and even if the government accept bitcoin I don't think that people will actually use bitcoins to buy things , maybe for online goods they may use but it buy daily need it is an Indian default to use cash like if we need to buy neembu [lemons] we won't go and  ask bhaiya kitna bitcoin hua
[ how much BTC would it cost me]
it is good for me if Indian government accepts bitcoin and if they do it would actually promote other countries to accept and legalise it and that would ultimately lead to global acceptance

Thats why it is very hard for bitcoin to be adopted to a certain country. there would be some that will put bitcoin down and will lead to a fake news or fuds that bitcoin is illegal. maybe they should consult a fincance proffesinal to know what this cryptocurrency will upgrade our money system.

Big news because india has such a large population.

This is what happens when the regulatory authorities are not having the proper educational background. Indian system of choosing people on the specific department is fixed through competitive exams and anyone cracking the exam can join the said post without any related background.

As you said in the note . ,


I'm pretty sure he/she doesn't really understand finance system, as you said that person belongs to parliament. They should leave the stuff to decide on the shoulders of finance department and should not interfere really. Anyway no offence to any of these thing I just said, it's just the imaginary talk, what could be done.

Perhaps, you can think to buy / sell bitcoin with local people but there is a loss you get because it is definitely the price will be different from the exchanger site. Actually paying taxes from bitcoin trade, it doesn't wrong because if bitcoin has been legalized by the world then we will see the impact like you will see bitcoin price more higher than current price.

So do you want that bitcoin should not get legalized in Bitcoin? or anywhere else? Or you just dont want to pay tax to government ? Still you can hide your profile from government or with anyone else for ex. i send some btc to unoin and then i can withdraw it to bank by paying Tax  and i don't think Unocoin or any exchange will share your data to anyone.

If you can make bitcoin transactions anonymously than you don't have to pay any taxes even if government legalizes the bitcoin. You should buy/sell bitcoins with local guys rather than using registered bitcoin exchange platform which will share all your exchange details with government and you will be forced to pay taxes on whatever you will earn from bitcoin trading.

It has not yet been decided by government of India to legalize bitcoin officially but as much people of India are involved to have business in bitcoin no one of nation of the world interested to become member of bitcoin. India is the second biggest country of the world population wise and whenever the people of India insisted and pressurized the government, then the Indian government will become compile to announce the bitcoin as a legal currency in the country.

When people are busy discussing about the bitcoin legality I think it is not really needed, because after bitcoin is considered legal, it seems to be difficult, maybe if bitcoin is legal we also the bitcoin users will be in taxes for its use,Therefore I think better bitcoin not in legalkan

As far as that i know the Indian government has decided to support Bitcoin and is currently forming a number of specialized teams to create various regulatory frameworks in order to fully legalize Bitcoin in the foreseeable future. Bitcoin exchange market exchange India has increased drastically. And Bitcoin Legalization in India is expected to continue to increase trading volume and Bitcoin activity in India with a very significant margin.

Since the begining bitcoiners does wanted to get bitcoin legal at their countries soo they can use and invest without need to hide, i do see the mainstream being somehting amazing, since it wll bring a lot more new investors, whales, traders companies and projects, soo looks like in the end bitcoin is finaly growing to something it had potencial to achieve for a long time, its happen people, globalization of crypto currencies.

Someday, in the future. Gold may be just a yellow metal. And Bitcoin gleaming more than gold.
I do not know, I chose to keep gold for jewelry not for assets.

It will best when there exist a currency in the world to compete dollar and most expected that bitcoin will overcome the dollar in near future and defeat but it will take some time and we will wait eagerly for bitcoin to become king of the all over currencies of the world. 

Like saying that gold is worthless, bitcoin has taken on trust thousands of years ago. Bitcoin can not replace gold, their value is different. Bitcoin will only be worth more than gold. Sell the gold you have, move it to the wallet by buying Bitcoin. it is funny.

is it really true?
but I haven't got any news regarding this issue, so how you people confirm about that? the word 'legalization' must be concrete, some topic here misleads some information. if given a link is really reliable then it is a great news about this sector. hopefully, it will be legalized all over the world.